Form 4: Consensus Cloud Solutions CEO R. Scott Turicchi Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
R. Scott Turicchi, CEO of Consensus Cloud Solutions, reports disposing of shares to cover tax liabilities related to vesting restricted stock units and awards.
Summary
- On March 13, 2024, R. Scott Turicchi, CEO of Consensus Cloud Solutions, disposed of 518 shares of common stock at a price of $13.54 to cover tax liabilities related to the vesting of restricted stock units.
- Additionally, Turicchi disposed of 2,797 shares of common stock at the same price ($13.54) to cover tax liabilities related to the vesting of restricted stock awards.
- Following these transactions, Turicchi directly owns 213,782 shares of Consensus Cloud Solutions common stock.
- Turicchi also indirectly owns 5,757 shares through the Turicchi Family Foundation.
Sentiment
Score: 5
Explanation: Neutral. This is a standard Form 4 filing related to tax obligations, and doesn't indicate any fundamental change in the company's prospects or management's confidence.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations. It's common for executives to sell shares to cover taxes when restricted stock units or awards vest.
Stakeholder Impact
- The stock disposal may have a minor, temporary impact on the stock price due to the increased selling pressure.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock disposal transactions |
| 03/15/2024 | Date of signature by Attorney-in-Fact |
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